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IT sector expansion continues in UK

posted Feb 2, 2017, 2:18 AM by Unknown user   [ updated Feb 17, 2017, 7:24 AM ]
Uncertainty in the run-up to the general election had a mollifying effect on the growth of IT and digital jobs, but the forecast for the future of tech industry hiring is still bright overall, according to the latest edition of the quarterly KPMG/Markit Tech Monitor UK report.

Although many companies chose to put off staff hiring until after the general election, the slowdown in sector growth that occurred over the past few months appeared to be little more than a blip. In fact, more than half (55 per cent) of British tech enterprises said they anticipated business activity to rise over the next 12 months, while just 7 per cent expected a reduction during the same time period.

IT staff hiring goes from strength to strength

The latest rosy forecast builds upon five years of positive numbers: Since 2010, employment within the sector has expanded by almost 25 per cent, outpacing the growth rate of the British jobs market as a whole by approximately threefold. The latest KPMG estimates indicate that the industry directly accounts for at least 1 million jobs, including many digital jobs in London.

“Tech sector employment shows the significance of the sector in the 21st century where technology is all pervasive,” commented Tudor Aw, head of KPMG’s technology division.